"The Rocky Road to Paradise," by David Barker (Libertarian Papers)

29. “The Rocky Road to Paradise: Why Economic Liberalization is Interrupted” , by David Barker

Abstract: Despite evidence that free market policies improve overall welfare, much of the world is making little progress in reducing state economic controls. Short-term transition costs may be the reason. A simple model demonstrates that it may be rational to weight these costs more heavily than the long-term bene?ts of economic freedom.

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